Question

Explain what is meant by a shift in the demand curve.

Answer 1

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sample response:

When the demand curve shifts it means that there are factors present that have changed the amount of consumer demand for a product or service. When the demand curve moves to the left it means that there is a decrease in the demand, while a move to the right signifies that consumer demand for a good or service has increased.

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Answer 2

A shift in the demand curve is when a determinant of demand other than price changes. It occurs when demand for goods and services changes even though the price didn't. It's guided by the law of demand which says people will buy fewer units as the price increases.

Step-by-step explanation:

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